The two Countries being used are Canada and the U S, Use two countries from the region and apply the factor endowment model of trade to the expected trade patterns Use the same two countries and assess how external economies of scale will affect the countries (i e , which industries will be affected and how)

Question: The two Countries being used are Canada and the U.S, Use two countries from the region and apply the factor-endowment model of trade to

The two Countries being used are Canada and the U.S,
Use two countries from the region and apply the factor-endowment model of trade to the expected trade patterns.
Use the same two countries and assess how external economies of scale will affect the countries (i.e., which industries will be affected and how).

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To analyze the expected trade patterns between two countries in the region using the factorendowment model we need to consider their relative factor endowments Lets assume Country A is relatively abun... View full answer

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